London, UK,
17
March
2016
|
08:00
Europe/London

Amec Foster Wheeler awarded feasibility study contract for refinery upgrade in Pakistan

Newsfacts:
  • Detailed feasibility study to upgrade Karachi refinery
  • Processing crude oil for Pakistan’s clean fuel requirements

Amec Foster Wheeler announces today the award of a contract by Pakistan Refinery Limited (PRL) for a detailed feasibility study to upgrade their refinery in Karachi, Pakistan.

PRL’s refinery, on the coastal belt of Karachi, is designed to process various imported and local crude oil. It is one of the principal manufacturers and suppliers of petroleum products to domestic markets.

This feasibility study will investigate and propose ways that the refinery can be upgraded to meet tougher product specifications through regulatory changes, as well as expansion to provide more of the petroleum products that are in demand in the domestic market, whilst ensuring the sustainability of the refinery.

A particular focus of the study will be into upgrading technologies to minimise the production of fuel oil from the refinery as well as making cleaner and higher quality products.

The contract started in January 2016.

Roberto Penno, Amec Foster Wheeler Group President for Asia, Middle East, Africa & Southern Europe
I am delighted that Pakistan Refinery Limited have engaged us to undertake this significant feasibility study for them. We have been working in Pakistan for over 25 years, bringing our knowledge, expertise and skills to deliver excellence for our customers.
Roberto Penno, Amec Foster Wheeler Group President for Asia, Middle East, Africa & Southern Europe
Notes to editors

Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.

 

Employing around 40,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.

 

Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.

 

Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

 

 

Forward-Looking Statements

 

This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.

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